SPXP.L vs. C300.L
SPXP.L (Invesco S&P 500 UCITS ETF) and C300.L (Invesco S&P China A 300 Swap UCITS ETF Acc) are both exchange-traded funds - SPXP.L is a S&P 500 fund tracking the S&P 500 Index, while C300.L is a China Equities fund tracking the S&P China A 300 Index. Both are passively managed. Over the past 3 years, SPXP.L returned -74.23%/yr vs 16.14%/yr for C300.L. At a 0.19 correlation, their price movements are largely independent. SPXP.L charges 0.05%/yr vs 0.35%/yr for C300.L.
Performance
SPXP.L vs. C300.L - Performance Comparison
Loading charts...
Different Trading Currencies
SPXP.L is traded in GBp, while C300.L is traded in USD. To make them comparable, the C300.L values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, SPXP.L achieves a 10.63% return, which is significantly lower than C300.L's 17.14% return.
SPXP.L
- 1D
- 0.80%
- 1M
- 1.16%
- YTD
- 10.63%
- 6M
- 10.85%
- 1Y
- -98.72%
- 3Y*
- -74.23%
- 5Y*
- -54.45%
- 10Y*
- -26.88%
C300.L
- 1D
- 0.00%
- 1M
- 4.26%
- YTD
- 17.14%
- 6M
- 17.92%
- 1Y
- 51.09%
- 3Y*
- 16.14%
- 5Y*
- —
- 10Y*
- —
SPXP.L vs. C300.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
SPXP.L Invesco S&P 500 UCITS ETF | 10.63% | -98.90% | 27.58% | 20.06% | -3.83% |
C300.L Invesco S&P China A 300 Swap UCITS ETF Acc | 17.14% | 24.25% | 16.79% | -16.21% | 3.69% |
Correlation
The correlation between SPXP.L and C300.L is 0.32, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.32 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.18 |
Correlation (All Time) Calculated using the full available price history since May 9, 2022 | 0.19 |
The correlation between SPXP.L and C300.L shifts across timeframes, from 0.18 (3 years) to 0.32 (1 year), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
SPXP.L vs. C300.L — Risk / Return Rank
SPXP.L
C300.L
SPXP.L vs. C300.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco S&P 500 UCITS ETF (SPXP.L) and Invesco S&P China A 300 Swap UCITS ETF Acc (C300.L). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| SPXP.L | C300.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.84 | ||
| Sortino ratioReturn per unit of downside risk | -4.46 | ||
| Omega ratioGain probability vs. loss probability | 0.52 | 1.49 | -0.98 |
| Calmar ratioReturn relative to maximum drawdown | -1.00 | 7.58 | -8.58 |
| Martin ratioReturn relative to average drawdown | -1.29 | 21.54 | -22.83 |
Loading charts...
Drawdowns
SPXP.L vs. C300.L - Drawdown Comparison
The maximum SPXP.L drawdown since its inception was -99.07%, which is greater than C300.L's maximum drawdown of -34.94%. Use the drawdown chart below to compare losses from any high point for SPXP.L and C300.L.
Loading charts...
Drawdown Indicators
| SPXP.L | C300.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.07% | -34.94% | -64.13% |
Max Drawdown (1Y)Largest decline over 1 year | -99.07% | -6.77% | -92.30% |
Max Drawdown (3Y)Largest decline over 3 years | -99.07% | -26.04% | -73.03% |
Max Drawdown (5Y)Largest decline over 5 years | -99.07% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -99.07% | — | — |
Current DrawdownCurrent decline from peak | -98.91% | -2.31% | -96.60% |
Average DrawdownAverage peak-to-trough decline | -8.23% | -15.24% | +7.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 76.64% | 2.38% | +74.26% |
Volatility
SPXP.L vs. C300.L - Volatility Comparison
The current volatility for Invesco S&P 500 UCITS ETF (SPXP.L) is 3.41%, while Invesco S&P China A 300 Swap UCITS ETF Acc (C300.L) has a volatility of 6.36%. This indicates that SPXP.L experiences smaller price fluctuations and is considered to be less risky than C300.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| SPXP.L | C300.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.41% | 6.36% | -2.95% |
Volatility (6M)Calculated over the trailing 6-month period | 7.71% | 13.01% | -5.30% |
Volatility (1Y)Calculated over the trailing 1-year period | 99.31% | 18.03% | +81.28% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 46.55% | 21.26% | +25.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 34.91% | 21.26% | +13.65% |
SPXP.L vs. C300.L - Expense Ratio Comparison
SPXP.L has a 0.05% expense ratio, which is lower than C300.L's 0.35% expense ratio.
Dividends
SPXP.L vs. C300.L - Dividend Comparison
Neither SPXP.L nor C300.L has paid dividends to shareholders.
Frequently Asked Questions
SPXP.L and C300.L have a correlation of 0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SPXP.L is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SPXP.L is cheaper with a 0.05% expense ratio, compared with 0.35% for C300.L.
SPXP.L is categorized as S&P 500, while C300.L is China Equities. SPXP.L tracks S&P 500 Index, while C300.L tracks S&P China A 300 Index. Their fees differ too: 0.05% for SPXP.L and 0.35% for C300.L.
Find the right allocation for SPXP.L and C300.L
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer